For the hypothetical problem, simply speaking, it is to hold a certain fund 1 0,000, and the net value of the fund is 1.5 yuan. According to the ratio of 65,438+0: 65,438+0.5, the net value of the fund becomes 65,438+0 yuan, and the share becomes 65,438+0.500, with the total assets unchanged and the share increased.
When the securities assets invested by the fund fall, the net value is likely to be lower than 1 yuan. At present, funds in China are securities investment funds, that is, funds invest money in the securities market. From the investment direction, mainly stocks and bonds.
Stocks, in particular, are extremely risky investment products, which will cause obvious price decline. If the fund invests in stocks, it is very common that the stock market continues to fall below 1 yuan.
From a mathematical point of view, net fund value = total fund assets/total fund shares suppose that total fund assets = total fund shares. Then the net fund value is 1. If the total assets of the fund fall, such as stocks, then the calculation result will be less than 1.
Extended data:
Fund net value algorithm:
1, known price calculation
Known price, also known as historical price, refers to the closing price of the previous trading day. The known price calculation method is that the fund manager calculates the total value of financial assets owned by the fund according to the closing price of the previous trading day, including stocks, bonds, futures contracts, warrants and so on.
Add up the cash assets and then divide them by the total amount of fund units sold to get the net asset value of each fund unit. Using the known price calculation method, investors can know the buying and selling price of the unit fund on that day, and can go through the delivery procedures in time.
2. Calculation of unknown price
Unknown price, also known as futures price, refers to the closing price of various financial assets in the securities market on that day, that is, the fund manager calculates the fund according to the closing price of that day.
Net asset value per unit. When this calculation method is implemented, investors don't know the price of the fund bought and sold that day, and they don't know the price of the unit fund until the next day.
3. Valuation calculation
The calculation of fund unit net value includes the calculation of fund total net value and fund unit net value.
According to generally accepted accounting principles, the total net assets of the fund = the total assets of the fund-the total liabilities of the fund.
Baidu Encyclopedia-Fund Unit Net Value